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Help Sau Quilcene Oysteria farms and sells oysters in the Pacific Northwest. The company harvested and sold 8,000 pounds of oysters in August. The company's
Help Sau Quilcene Oysteria farms and sells oysters in the Pacific Northwest. The company harvested and sold 8,000 pounds of oysters in August. The company's flexible budget for August appears below: Quilcene Oysteria Flexible Budget For the Month Ended August 31 Actual pounds (a) 8,000 Revenue ($4.209) $33,600 Expenses: Packing supplies (50.259) 2,000 Oyster bed maintenance ($3,400) 3,400 Wages and salaries ($2,500 + $0.25) 4,500 Shipping (50.65) 5,200 Utilities ($1,260) 1,260 Other ($450 + $0.014) 530 Total expense 16,890 Net operating incone $ 16, 710 06 The actual results for August appear below. Quilcene Oysteria Incone Statement For the Month Ended August 31 Actual pounds 8,000 Revenue 527,200 Expensest Packing supplies 2,170 Oyster bed maintenance 3,260 Wages and salaries 4,910 Shipping 4,930 Utilities 1,070 Other 1,150 Total expense 17,490 Net operating income $ 9,710 Required: Required: Calculate the company's revenue and spending variances for August. (Indicate the effect of each variance by selecting "F" for favorable. "U" for unfavorable, and "None" for no effect fi.e., zero variance). Input all amounts as positive values.) Quilcene Oysteria Revenue and Spending Variances For the Month Ended August 31 Revenue Expenses: Packing supplies Oyster bed maintenance Wages and salarios Shipping Utilities Other Total expense Net operating income
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